세계 음악 시장은 2025년 70억 2천만 달러의 가치를 기록, 2021-2025년 동안 3.39%의 CAGR로 성장할 것으로 예상된다. 유료 스트리밍 가입자 가속화, 스마트폰 채택 증가, 음악 소비 확대, 디지털 음원 스트리밍 플랫폼 인기 증가, 소셜미디어 플랫폼과의 통합 확대 등의 요인이 시장을 견인할 것으로 전망된다. 그러나 디지털 음악 플랫폼의 ARPU 감소, 불법 복제 채널의 가용성 및 개인 정보 보호 문제 등으로 인해 시장 성장이 어려울 수 있습니다. 시장에서는 모바일 네트워크(4G & 5G Technology) 개선, 인터넷 보급 확대, 기술 발전 등 특정 트렌드를 경험할 것으로 기대된다.
유형에 따라 세계 음악 시장은 녹음 음악, 스트리밍, 음악 출판 등 라이브 음악, 방송 등으로 양분될 수 있다. 또한, 녹음된 음악 시장은 포맷에 따라 스트리밍(구독 & 광고 지원), 물리, 다운로드 및 기타 디지털 등으로 나눌 수 있다. 반면, 카테고리에 따라 글로벌 음악 스트리밍 시장은 구독과 광고 지원으로 분류될 수 있다. 반면 세계 음악 스트리밍 시장은 디지털, 성능, 동기화, 기계로 구분할 수 있다.
The global music market is expected to record a value of US$70.02 billion in 2025, progressing at a CAGR of 3.39%, for the duration spanning 2021-2025. The factors such as accelerating number of paid streaming subscribers, rising adoption of smartphones, expanding music consumption, growing popularity of digital music streaming platforms and growing integration with social media platforms are expected to drive the market. However, the market growth would be challenged by declining ARPU of digital music platforms, availability of pirated channels and privacy issues. The market is anticipated to experience certain trends like improved mobile networks (4G & 5G Technology), mounting penetration of the internet and advancements in technology.
According to type, the global music market can be bifurcated into recorded music, streaming, music publishing and others such as live music and broadcast. Further, the recorded music market can be split into streaming (subscription & ad supported), physical, download & other digital and others, on the basis of format. Whereas, depending on the category, the global music streaming market can be categorized into subscription and ad-supported. The global music streaming market, on the other hand, can be divided into digital, performance, synchronization and mechanical, in terms of category.
The fastest growing recorded music market is the U.S. on account of rising smartphone penetration, increasing number of paid subscriptions to on-demand streaming services, growing music consumption on account of changing tastes and preferences of consumers and growing investment of record companies for digitization. However, the market experienced a slow growth in 2020, due to the COVID-19 pandemic, which resulted in limiting studio recording and shutting down live music sector and other operations of the recorded music market across the region.
Scope of the report:
• The report provides a comprehensive analysis of the global music market segmented on the basis of type and region.
• The major regional and country markets (the U.S., Japan, the U.K., Germany, China and Rest of the World) have been analyzed.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Sony Group Corporation, Bertelsmann SE & Co. KGaA, Vivendi SE, Spotify Technology S.A., Warner Music Group Corp. and Kobalt Music Group, Ltd.) are also presented in detail.
Key Target Audience:
• Music Producers & Composers
• Music Publishers
• End Users (Media & Entertainment Industry, Streaming Apps & Live Concerts)
• Government Bodies & Regulating Authorities
Table of Contents
1. Market Overview
1.2 Fundamental Elements of Music
1.3 Structure of Music Industry
1.4 Classification of Music Streaming Business Models
1.5 Collection Process of Recorded Music
1.6 Royalty Payment Flow - Subscription Services
1.7 Value Chain of Music Industry
2. Impact of COVID-19
2.1 Cancellation of Music Events
2.2 Growth in Streaming Subscriptions
2.3 Escalating Number of Social Media Users
3. Global Market Analysis
3.1 Global Music Market by Value
3.2 Global Music Market Forecast by Value
3.3 Global Music Market by Type
3.3.1 Global Recorded Music Market by Value
3.3.2 Global Recorded Music Market Forecast by Value
3.3.3 Global Recorded Music Market by Format
3.3.4 Global Recorded Music Format Market by Value
3.3.5 Global Recorded Music Format Market Forecast by Value
3.3.6 Global Music Streaming Market by Value
3.3.7 Global Music Streaming Market Forecast by Value
3.3.8 Global Music Streaming Market by Category
3.3.9 Global Music Streaming Category Market by Value
3.3.10 Global Music Streaming Category Market Forecast by Value
3.3.11 Global Music Publishing Market by Value
3.3.12 Global Music Publishing Market Forecast by Value
3.3.13 Global Music Publishing Market Value by Category
3.3.14 Global Music Publishing Category Market by Value
3.3.15 Global Music Publishing Category Market Forecast by Value
3.4 Global Recorded Music Market by Region
3.5 Global Music Streaming Market by Region
4. Recorded Music & Streaming - Regional Market Analysis
4.1 The U.S.
4.1.1 The U.S. Recorded Music Market by Value
4.1.2 The U.S. Recorded Music Market Forecast by Value
4.1.3 The U.S. Music Streaming Market Forecast by Value
4.2.1 Japan Recorded Music Market by Value
4.2.2 Japan Recorded Music Market Forecast by Value
4.2.3 Japan Music Streaming Market Forecast by Value
4.3 The U.K.
4.3.1 The U.K. Recorded Music Market by Value
4.3.2 The U.K. Recorded Music Market Forecast by Value
4.3.3 The U.K. Music Streaming Market Forecast by Value
4.4.1 Germany Recorded Music Market by Value
4.4.2 Germany Recorded Music Market Forecast by Value
4.4.3 Germany Music Streaming Market Forecast by Value
4.5.1 China Recorded Music Market by Value
4.5.2 China Recorded Music Market Forecast by Value
4.5.3 China Music Streaming Market Forecast by Value
4.6.1 RoW Recorded Music Market by Value
4.6.2 RoW Recorded Music Market Forecast by Value
4.6.3 RoW Music Streaming Market Forecast by Value
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Accelerating Number of Paid Streaming Subscribers
5.1.2 Rising Adoption of Smartphones
5.1.3 Expanding Music Consumption
5.1.4 Growing Popularity of Digital Music Streaming Platforms
5.1.5 Growing Integration with Social Media Platforms
5.2 Key Trends and Developments
5.2.1 Improved Mobile Networks (4G and 5G Technology)
5.2.2 Mounting Penetration of Internet
5.2.3 Advancements in Technology
5.3.1 Declining ARPU of Digital Music Platforms
5.3.2 Availability of Pirated Channels
5.3.3 Privacy Issues
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
6.1.2 Market Capitalization Comparison of Key Players
6.1.3 R&D Comparison of Key Players
6.1.4 Global Recorded Music Market Share by Key Players
6.1.5 Global Music Streaming Market Share by Key Players
7. Company Profiles
7.1 Sony Group Corporation (Sony Music Entertainment)
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Bertelsmann SE & Co. KGaA (BMG Rights Management)
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Vivendi SE (Universal Music Group)
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Spotify Technology S.A.
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Warner Music Group Corp.
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Kobalt Music Group, Ltd.
7.6.1 Business Overview
7.6.2 Business Strategies